Our postal service, like so many institutions during the coronavirus crisis, is suffering. Facing $22 billion in expected new losses over the next 18 months, the USPS announced last week it will “run out of cash” in September without federal assistance. Despite this, President Trump refused a Democratic plan to add a $13 billion grant,

FOR IMMEDIATE RELEASE:April 16, 2020 CONTACT:Ariela Weinberger, aweinberger@rooseveltinstitute.org Lessons from the CARES Act: Banking for All in the Time of COVID-19New Roosevelt report explores why an economy that works for all requires financial inclusion policy New York, NY – As part of Congress’s financial stimulus response to the COVID-19 pandemic, the CARES Act included $1,200

As part of Congress’s financial stimulus response to the COVID-19 pandemic, the CARES Act included $1,200 stimulus checks to all qualifying Americans—but there was no clear plan for delivering these checks to unbanked and underbanked Americans. Unfortunately, financial inclusion—access to payment systems, credit products, and financial services of all kinds—is an afterthought in politics and

In striking ways, the coronavirus (COVID-19) pandemic has exposed the fragility of the US economy and the immense power disparities and systemic disadvantages built into our social contract. Tens of millions of people across entire sectors of our economy are out of work—and many were living paycheck to paycheck before this crisis hit. Right now, the Roosevelt Institute’s work

During the past month, our colleagues have been sharing their analyses of the effects of COVID-19 on the economy. They’ve underscored the continued gender imbalance of labor, the racial injustice central to our economy, and the disparate impact the virus has had on different groups of our country, and they’ve provided key analysis of the

FOR IMMEDIATE RELEASE: April 9, 2020 Progressive Group Leaders to Congress: Major Federal Intervention Needed to Meet Scale of Crisis; Congress Must Put People Ahead of Corporations to Save Economy Washington, DC – Today, leaders of progressive research, policy, and advocacy groups released the following statement calling on Congress to move quickly to pass a robust

In response to the growing coronavirus crisis, states are stopping “nonessential” surgeries to ease the burden on hospitals and medical workers. While this is admirable in theory, conservatives at both the state and federal levels have capitalized on these legitimate efforts to protect our collective well-being by misclassifying critical care as “nonessential” and restricting the

Something unprecedented has happened in recent weeks. The passage of the CARES Act—the largest stimulus package in American history—and broader debates about government spending, production, and health care have fundamentally shifted the political paradigm. As the coronavirus pandemic ravages an already fragile economy, consensus is building, even among the deficit scolds of 2008–2009, around the

The coronavirus crisis is, first and foremost, a health crisis. The Trump administration’s failure to take the threat of COVID-19 seriously—and our systematic, decades-long decimation of our nation’s public health infrastructure—has turned what may have been a public health challenge into a crisis for our health care system. And one area where the failures of

With the CARES Act corporate bailout underway, large corporations are once again being rescued by a hurting American public. No one doubts that stabilizing the economy and saving jobs as a first priority is absolutely critical. What’s also necessary is to understand what factors—besides the coronavirus—made large corporations so vulnerable in this moment.  One factor